July recorded the smallest ever gap between purchase and remortgage searches.
July recorded the smallest ever gap between purchase and remortgage searches.
The Society has introduced enhanced affordability to support remortgage borrowers.
The average mortgage rate is 0.62% cheaper than this time last year.
The widening of credit criteria will enable more landlords to access the range where they have minor credit blips.
Purchase and remortgage rates have benefitted from the rate reductions.
Coventry launched its first product specifically for limited company landlords earlier this year.
The lender has reduced all 60-75% LTV remortgage rates by up to 0.16%.
The market has slowed down slightly, but overall activity is significantly healthier than last year.
The rate has reduced to 4.81% following a cut to the Society’s SVR.
29% of mortgage holders report they either have or will be remortgaging in 2025.
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